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One Year On

In pictures: The bailout, as it happened

On 21 November 2010 it was confirmed that Ireland was to seek international help in dealing with the economic crisis
7.49am, 21 Nov 2011
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ON THE EVENING of 21 November 2010 Brian Cowen and Brian Lenihan presided over a hastily convened press conference after the late finance minister had confirmed that Ireland had asked for the EU and the IMF for a bailout.

The IMF had begun formal talks with the government a few days earlier over the shape of the package needed by Ireland, and there were warnings of job losses and pay cuts as a result of the bailout.

On 28 November a bailout deal was reached between Ireland, the EU, the IMF and the ECB. Here’s a look back at some images of that extraordinary time…

In pictures: The bailout, as it happened
1 / 18

  • Bailout anniversary

    15 November 2010: Papers for sale in Dublin as a debt-burdened Ireland talked with with other European Union governments about how to handle its troubled finances (AP Photo/Peter Morrison)

  • Bailout anniversary

    17 November 2010:A woman enters the offices of the Central Bank in Dublin. On 17 November Brian Cowen appeared on TV insisting that talks between Dept of Finance officials and representatives of the EU. IMF and EC were not in preparation for a bailout. (AP Photo/Peter Morrison, File)

  • Bailout anniversary

    18 November 2010: Brian Cowen pauses as he speaks to delegates at the IBM Smartcamp Global Finals in Dublin as Ireland edged toward taking a loan from the European Union to save its banks. (AP Photo/Peter Morrison)

  • Bailout anniversary

    18 November 2010 Ajai Chopra, Deputy Director of the European Department of the IMF makes his way along Grafton Street to the Central Bank of Ireland for crucial talks with the government.(AP Photo/Peter Morrison, File)

  • Bailout Anniversary

    18 November 2010: Finance Minister Brian Lenihan appeared on RTÉ Six Once News, conceding that the banking sector needed external assistance in order to stay in operation. (RTE Six One News)

  • Bailout anniversary

    21 November 2010: Brian Cowen and the late Brian Lenihan speak at a hastily convened press conference after Lenihan confirmed that Ireland had asked for a bailout from the EU/IMF. (Photocall Ireland)

  • Bailout anniversary

    22 November 2010: Pictured is a selection of newspapers the day after the governemt announce their application for a bailout. (Photocall Ireland)

  • Bailout anniversary

    22 November 2010: Members of the Green party outside Leinster House. The party, stunned Cowen and his Fianna Fail party by announcing that they wanted parliament dissolved in January for an early election. (AP Photo/Peter Morrison)

  • Bailout anniversary

    22 November 2010: Dan Boyle wipes his forehead as John Gormley tells the public that his party will withdraw from government in two months. (Julien Behal/PA Wire)

  • Bailout anniversary

    22 November 2010: A woman passes graffiti in Dublin Monday (AP Photo/Peter Morrison)

  • Bailout anniversary

    22 November 2010: A garda holds back Sinn Fein protesters who broke through the gates at government buildings.The protesters were calling for Brian Cowen to resign.(AP Photo/Peter Morrison)

  • Bailout anniversary

    22 November 2010: Brian Cowen and party members speak to the media at a press conference at government buildings. Cowen declared he was determined to pass an emergency budget and negotiate the bailout before he left government. (AP Photo/Peter Morrison)

  • Bailout anniversary

    23 November 2010: Workmen repair the office of Ireland's Transport Minister Noel Dempsey after it was was vandalised and painted with the words: 'traitors' in the village of Trim. (AP Photo/Peter Morrison)

  • Bailout anniversary

    24 November 2010: Brian Cowen speaks to the media at government buildings as Ireland unveiled the harshest budget measures in its history (AP Photo)

  • Bailout anniversary

    27 November 2010: Thousands of protesters hold a rally outside the GPO. It was Ireland's biggest demonstration yet against severe budget-cutting plans and a looming EU-IMF bailout. (AP Photo/Peter Morrison)

  • Bailout anniversary

    27 November 2010: Protesters burn a poster of Brian Cowen from his Lisbon Treaty Campaign.They are pictured outside the Dail protesting over the Government asking the International Monetary Fund and Europe for a multibillion bailout and the four year plan of cuts. (Photocall Ireland)

  • Bailout anniversary

    28 November 2010: From left, David Hawley, IMF, Ajai Chopra, IMF, Istvan Szekely EU Commission and Klaus Masuch ECB speak to the media at Government buildings. (AP Photo/Peter Morrison)

  • Bailout anniversary

    28 November 2010: Brian Cowen pauses as he speaks to the media at government buildings. EU governments hadapproved the basis of an €85 billion bailout deal for Ireland. (AP Photo/Peter Morrison)
  • 15 November 2010: Papers for sale in Dublin as a debt-burdened Ireland talked with with other European Union governments about how to handle its troubled finances (AP Photo/Peter Morrison)
  • 17 November 2010:A woman enters the offices of the Central Bank in Dublin. On 17 November Brian Cowen appeared on TV insisting that talks between Dept of Finance officials and representatives of the EU. IMF and EC were not in preparation for a bailout. (AP Photo/Peter Morrison, File)
  • 18 November 2010: Brian Cowen pauses as he speaks to delegates at the IBM Smartcamp Global Finals in Dublin as Ireland edged toward taking a loan from the European Union to save its banks. (AP Photo/Peter Morrison)
  • 18 November 2010 Ajai Chopra, Deputy Director of the European Department of the IMF makes his way along Grafton Street to the Central Bank of Ireland for crucial talks with the government.(AP Photo/Peter Morrison, File)
  • 18 November 2010: Finance Minister Brian Lenihan appeared on RTÉ Six Once News, conceding that the banking sector needed external assistance in order to stay in operation. (RTE Six One News)
  • 21 November 2010: Brian Cowen and the late Brian Lenihan speak at a hastily convened press conference after Lenihan confirmed that Ireland had asked for a bailout from the EU/IMF. (Photocall Ireland)
  • 22 November 2010: Pictured is a selection of newspapers the day after the governemt announce their application for a bailout. (Photocall Ireland)
  • 22 November 2010: Members of the Green party outside Leinster House. The party, stunned Cowen and his Fianna Fail party by announcing that they wanted parliament dissolved in January for an early election. (AP Photo/Peter Morrison)
  • 22 November 2010: Dan Boyle wipes his forehead as John Gormley tells the public that his party will withdraw from government in two months. (Julien Behal/PA Wire)
  • 22 November 2010: A woman passes graffiti in Dublin Monday (AP Photo/Peter Morrison)
  • 22 November 2010: A garda holds back Sinn Fein protesters who broke through the gates at government buildings.The protesters were calling for Brian Cowen to resign.(AP Photo/Peter Morrison)
  • 22 November 2010: Brian Cowen and party members speak to the media at a press conference at government buildings. Cowen declared he was determined to pass an emergency budget and negotiate the bailout before he left government. (AP Photo/Peter Morrison)
  • 23 November 2010: Workmen repair the office of Ireland's Transport Minister Noel Dempsey after it was was vandalised and painted with the words: 'traitors' in the village of Trim. (AP Photo/Peter Morrison)
  • 24 November 2010: Brian Cowen speaks to the media at government buildings as Ireland unveiled the harshest budget measures in its history (AP Photo)
  • 27 November 2010: Thousands of protesters hold a rally outside the GPO. It was Ireland's biggest demonstration yet against severe budget-cutting plans and a looming EU-IMF bailout. (AP Photo/Peter Morrison)
  • 27 November 2010: Protesters burn a poster of Brian Cowen from his Lisbon Treaty Campaign.They are pictured outside the Dail protesting over the Government asking the International Monetary Fund and Europe for a multibillion bailout and the four year plan of cuts. (Photocall Ireland)
  • 28 November 2010: From left, David Hawley, IMF, Ajai Chopra, IMF, Istvan Szekely EU Commission and Klaus Masuch ECB speak to the media at Government buildings. (AP Photo/Peter Morrison)
  • 28 November 2010: Brian Cowen pauses as he speaks to the media at government buildings. EU governments hadapproved the basis of an €85 billion bailout deal for Ireland. (AP Photo/Peter Morrison)

Read more of TheJournal.ie‘s look back at one year since General Election 2011>

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Author
Emer McLysaght
emer@dailyedge.ie
@EmerTheScreamer
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